Around the world Quote by Dora Bakoyannis
“You cannot walk away. The truth is that there is no magic way that you can say to your partners, "You are going to continue paying us the money and we will not keep our part of the deal." This is not possible around the world. It is good to hear it.”
About This Quote
Source Speech: Interview on contract enforcement, 2020
Contracts require mutual performance; one side cannot unilaterally stop paying while the other defaults.
In simple terms: Both parties must fulfill their obligations.
Key Takeaway
Ensure reciprocal compliance.
Themes
contracts
trust
accountability
Mood
cautious
realistic
Type
legal
pragmatic
When to use this quote
- business negotiations
- international trade
- partnerships
Key Concepts
mutual obligations
legal enforcement
Questions to Reflect On
- How can parties protect themselves against unilateral defaults?
- What mechanisms ensure fair enforcement?
A Different Perspective
Enforcement may be limited by jurisdictional differences.
